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Economics

It is notoriously difficult to predict what’s going to happen with new technologies. However, being able to do so is of uttermost importance in the transport sector. Behavioural Economics, if applied correctly, can help in this almost impossible quest of predicting the speed of adoption of new technology. To illustrate this, we use two very different types of technology, Uber and Electric Vehicles.

The International Transport Forum (ITF) in association with the OECD, has just published the findings of a roundtable discussion on the economic impacts of improved accessibility to transport services and networks. Tony Duckenfield, Head of Insights at Steer Davies Gleave, played an integral part in the event, where relevant knowledge and experience from around the world was shared and examined in detail.